Paul Krugman – A Manifesto for Economic Sense

Paul Krugman and Richard Layard, two economists, have launched a manifesto (please read the text in full which will take only few minutes, here) to promote policy change in order to put the current financial and economic crisis finally behind us. They argue that the cause of this crisis has been mis-diagnosed by policy makers. So there is little wonder that the wrong cure has been applied. They conclude: